🧮 TAX HQ Stiles & Sons — 2026 federal + New Hampshire
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Total 2026 tax if you stop here
$0
$0 saved
Federal
NH profits
NH enterprise
The year
Through 7/30 you're at $167,606 with no depreciation booked yet. Full season likely $210–260K.
Cash basis — income the day the check clears. Your invoice date picks the year.
Carried from equipment you own. Best estimate $27,500 — two pieces are unconfirmed until the depreciation schedule is rebuilt (see EQUIPMENT tab).
Cash basis cuts both ways — pay down Georgetown, insurance, fuel before 12/31.
Worth the full 24% — it cuts your W-2, not company profit, so your QBI deduction survives.
$2,300/wk today. Below the QBI threshold, raising wages COSTS money — see note below.
The working
Line
Federal
New Hampshire
What you're thinking of buying
Type whatever you're weighing — machine, truck, attachments, tools. Combine as many as you like and watch the tax move.
How you write it off
If you finance it
You have $250,000 pre-approved at about 4.8%. Financing doesn't reduce the write-off — you deduct the full cost the year it goes in service even with nothing down.
Equipment on the books
Straight from your QuickBooks fixed-asset accounts. Mark anything that's sold, traded or scrapped — a retired asset still on the books overstates what you own and hides a gain or loss you should have reported.